UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): May 8, 2008
Commission File Number 000-52263
CAVIT SCIENCES, INC.
(Exact name of registrant as specified in its charter)
Florida 03-0586935
(State or Other Jurisdiction (I.R.S Employer Identification Number)
of Incorporation or Organization)
1600 South Dixie Highway, Suite 500,
Boca Raton, Florida 33432
(Address of principal executive offices)
(561)544-6988
(Registrant's telephone number, including area code)
20 NW 181st Street, Miami, Florida 33169
Former name or former address, if changed since last report:
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17
CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.02. TERMINATION OF A MATERIAL DEFINITIVE AGREEMENT
On May 8, 2008, the Registrant terminated the following three agreements:
(1) Lease Agreement with Daycon Investors Associates, Inc. ("Daycon"), (2)
Amended Asset Purchase & Royalty Agreement with Daycon and (3) Consulting
Agreement with Dr. Joseph P. D'Angelo ("D'Angelo").
The Lease Agreement with Daycon was terminated due to Daycon's default
under the Lease Agreement. From inception of the lease on January 1, 2008,
Daycon was in material breach of the Lease Agreement, since the required amount
of space was not made available to the Registrant as provided for in the Lease
Agreement. The Registrant has demanded reimbursement of a portion of the rent
paid and the security deposit from Daycon.
The Amended Asset Purchase & Royalty Agreement with Daycon Investors
Associates, Inc. was terminated due to Daycon's inability to provide the
Registrant with the required representations and warranties and other
deliverables that were supposed to have been provided by Daycon under the
agreement. Daycon has been unable to provide the Registrant with credible
documentation and unable to warrant the formulation ingredients and efficacy of
the supplements covered by the agreement, among other things. The Registrant has
demanded the return of all consideration paid to Daycon regarding this
agreement.
The Consulting Agreement with D'Angelo was terminated due to D'Angelo's
failure to provide consulting services as outlined in the Consulting Agreement
and D'Angelo's material breach of confidentiality provisions by divulging
confidential information to third parties without the prior written consent of
the Registrant.
The Registrant's terminations of the above agreements may result in
litigation with the terminated parties. However, the Registrant will vigorously
defend any such litigation.
As a result of the registrant's termination of the lease agreement with
Daycon, on May 9, 2008, the Registrant relocated its offices and will conduct
its operations from its new corporate headquarters located at 1600 South Dixie
Highway, Suite 500, Boca Raton, Florida 33432. The registrant's new telephone
number is (561) 544-6988.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto authorized.
Date: May 14, 2008 Cavit Sciences, Inc.
By: /s/ Colm J. King
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Colm J. King
President and Chief Executive Officer